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Anti-caking agent for feed fertilizer Market By Analysis of Major Industry Segments 2017 - 2025
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The global anticaking agent for feed & fertilizer market can be segmented based on application and region. In terms of application, the anticaking agent for feed & fertilizer market can be divided into fertilizer, poultry & cattle, and others. Fertilizer is the major application segment of the anticaking agent for feed & fertilizer market. Anticaking agent is primarily used in nitrogen, potassium, ammonium, and phosphorous based fertilizers to prevent them from absorbing moisture from the atmosphere and forming a cake. In poultry and cattle, anticaking agent is used in feed to stop caking and agglomeration, and increase the flow properties of feed ingredients.
The anticaking agent for feed & fertilizer market is anticipated to witness significant growth during the forecast period owing to the increasing demand for the agent in feeds and fertilizers in the manufacture of fertilizers. Demand for fertilizers is anticipated to increase in order to enhance the crop yield. Rise in demand for fertilizers is anticipated to drive the overall market of anticaking agent for feed & fertilizer. Factors such as ease of transportation and usage in packaging and consumption are also expected to boost the demand for anticaking agents. Rapid growth in the livestock industry is one of the major factors driving the anti-caking agent for feed & fertilizer market. However, potential health hazard is projected to hamper market growth. Furthermore, implementation of stringent governmental regulations, especially in developed countries, is likely to adversely affect the overall market during the forecast period.
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Based on region, the anticaking agent for feed & fertilizer market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is anticipated to dominate the global anticaking agent for feed & fertilizer market, followed by Europe and Asia pacific. Expansion in the livestock industry in North America is estimated to boost the anticaking agent for feed & fertilizer market. Demand for animal feed is rising constantly. This, in turn, is projected to propel the feed additives market, particularly in feed anticaking agents.
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